Post Utme Coal City University 2020 Accounting Question 12

Practice objective / multiple choice question 12 from the 2020 Post Utme Coal City University Accounting examination.

Post Utme Coal City University 2020 Accounting Objective / Multiple Choice
Question 12 POST_UTME_COAL_CITY_UNIVERSITY • 2020 • ACCOUNTING • objective

A partnership has two partners, A and B. The capital accounts of A and B are ₦50,000 and ₦30,000 respectively. The profit-sharing ratio is 3:2. What is the amount of profit to be distributed to partner A?

Answer Options

Correct Answer A. ₦45,000
B. ₦30,000
C. ₦60,000
D. ₦20,000
Correct Answer
A
Correct Option:
₦45,000

About This Question

This is Post Utme Coal City University 2020 Accounting Question 12. It is one of the objective questions from the 2020 Post Utme Coal City University Accounting examination.

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